Trump's $350 Billion Korea Deal: Why 15% Tariffs Beat the 25% Threat
Key Points
- Trump announces a trade deal with South Korea, reducing tari...
President Trump pulled off what traders are calling the "last-minute miracle" yesterday, announcing a trade deal with South Korea that slashed threatened tariffs from 25% to 15% - literally one day before his own August 1 deadline. Nothing says "master negotiator" quite like making your own deadline by 24 hours.
The deal isn't just about dodging tariff bullets. South Korea agreed to invest a whopping $350 billion in American industries, with Commerce Secretary Howard Lutnick claiming 90% of those profits will flow back to U.S. interests. Whether that math actually adds up remains to be seen, ...
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